Current Attempt in Progress

Oriole Wok Co$.$ is expected to pay a dividend of $$2\mathrm{.}7$ one year from today on its common shares. That dividend is expected to increase

by $5$ percent every year thereafter. If the price of Oriole common stock is $$20\mathrm{.}00,$ what is the cost of its common equity capital?

$($Round intermediate calculations to $2$ decimal places, e$.$g$.0\mathrm{.}15$ and final answer to $1$ decimal place, e$.$g$.15\mathrm{.}2\%.)$

Cost of common equity

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